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XML document 2A:42-130 Receiver may borrow money, incur indebtedness.
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
...  2A: 42-130 Receiver may borrow money, incur indebtedness. 2A: 42-130 Receiver may borrow money, incur indebtedness. 17. a. The receiver may borrow money and incur indebtedness in order to preserve, insure, manage, operate, repair, improve, or otherwise carry out its responsibilities under the terms of the receivership. b. With the approval...
... of the court, after notice to the owner and all parties in interest, the receiver may secure the payment of any borrowing or indebtedness under subsection a. of this section by a lien or security interest in the building or other assets subject to the receivership. c. Where the...

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